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COVID-19: MRT firms predict massive losses

The operators of the country’s four largest MRT metro rail systems have predicted combined losses of up to NT$10.156 billion (US$364.54 million) due to low ridership after the nationwide COVID-19 alert was raised to level 3 on May 19. For the year, Taipei Rapid Transit Corp estimated losses of NT$5 billion to NT$8 billion, Taoyuan Metro Corp forecast NT$900 million in losses for its line from Taiwan Taoyuan International Airport to Taipei, Taichung Mass Rapid Transit System Co predicted losses of NT$656 million and Kaohsiung Rapid Transit Corp estimated NT$600 million in losses, the companies said on Saturday. In 2019,

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